Business Daily Media

Men's Weekly

.

what the Bank of England's historic hike means for your money

  • Written by Jonquil Lowe, Senior Lecturer in Economics and Personal Finance, The Open University
what the Bank of England's historic hike means for your moneyHouseholds will feel the effect of rate rises as the Bank of England tries to slow inflation.New Africa / Shutterstock

The Bank of England has raised its base rate by 0.5 percentage points, the largest single upward jump in 27 years. It takes the base rate to 1.75%, its highest level since 2008. This latest interest rate hike will affect personal...

More Articles ...

  1. history says the market is in for a long slowdown not a crash
  2. War is stopping Ukraine from paying its debts -- here's how international powers can continue to support its recovery
  3. As tech giants face a financial downturn, some new players are focusing on people over profit
  4. Four reasons the shift to hybrid working is set to stay for young professionals
  5. Why England’s port chaos could get worse – and why technology alone isn’t the answer
  6. Four ways your TV subscriptions could change because of the cost of living crisis
  7. Shareholders are suffering most from Elon Musk's Twitter feud -- here's why both sides must renegotiate the deal
  8. Tech firms face more regulation after moves to stop 'killer' acquisitions – but innovation could also be under threat
  9. Tory tax plans need to be more strategic to tackle the cost of living crisis – here’s why
  10. Being in a couple can leave women with less savings – here's how to make nest eggs more equal

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Sell by LayBy